AEON Credit Service (M) may soon test the RM15.46 resistance level. With an RSI above 60%, there is a possibility it will break above the resistance and move towards the short-term targets of RM15.94 and RM16.40. In this case, the immediate support is anticipated at RM15.00, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM15.46
Target: RM15.94, RM16.40 (time frame: 3-6 weeks)
Exit: RM15.00

Source: AmInvest Research - 17 Oct 2019